The cloud storage company, backed by rival Salesforce and the corporate venturing unit of Germany-based technology company SAP, adds a board member, as well as securing two team recruits.
Month: May 2012
Toshiba lights up Bridgelux
Toshiba joins Taiwan Semiconductor as a backer of the US-based developer of light emitting diodes.
Siegel becomes CEO of GE Healthymagination
Sue Siegel, a venture capital, start-up and corporate veteran, most recently a general partner at Mohr Davidow Ventures, moves in to head up GE’s $6bn healthcare programme.
Rubicon Project casts die on Pike
Brian Pike, former chief technology officer of events business Ticketmaster, joins the advertising technology company, which has corporate backing from News Corporation and IDG Ventures Asia.
Qualcomm launches third QPrize
Qualcomm Ventures’s QPrize is set to select eight finalists from across the globe, and the competition’s reach has been expanded to include Brazil and Eastern Europe.
SAP Ventures goes cold on India
SAP’s corporate venturing unit is reportedly re-thinkings its level of investment in India, due to changes to the tax rules there, after investing in four companies in the region.
Soltecture files for insolvency
Soltecture, previously backed by corporates including Intel’s corporate venturing unit, Vattenfall Europe and GDF Suez, said it had “extensively explored new financing options”.
L Capital to marry into Chinese wedding business
LVMH’s Asian corporate venturing unit has its eye on hooking up with a big Chinese wedding photography business.
Rusnano leads Aquantia to $35m
Rusnano joins NYSE-listed technology LSI Corporation backing the ethernet connection company.
Industrial Development Corporation backs solar venture
The South Africa-based development agency reportedly backs a joint venture between the University of Johannesburg’s Photovoltaic Technology Intellectual Property company and listed Germany-based renewable energy company Singulus Technologies.
BASF backs China Environment with $5m
BASF Venture Capital joins other unnamed multinational corporations and Fortune 500 companies backing the China Environment fund managed by Tsing Capital.
Rakuten arouses Pinterest with $100m
Japan-based internet retailer Rakuten joins Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, backing the fast-growing social network
BBVA’s first Silicon Valley deal is 500 Startups
Spain-based bank BBVA seals its first deal in Silicon Valley, backing the seed fund.
Medtronic, JJDC pump up Mitralign
Mitralign, a US-based heart treatment company, raises its fourth round of funding, in a deal led by Forbion Capital Partners, which spun off from Dutch-based bank ABN Amro.